10 Mutual Funds That Doubled Money in 5 Years

Mutual funds are a popular way to invest in India and offer a flexible way to diversify your portfolio. Mutual funds offer a variety of different types of investments, such as stocks, bonds, commodities, and real estate.

Mutual funds are managed by an investment advisor or manager who invests the money for you. The manager makes decisions about how to invest your funds and may also select the investments themselves. You pay a fee for this service every year or quarter.

A lot of people follow stock markets and wish to invest in the shares offered by various companies, but they fear that they don’t have enough knowledge or don’t have sufficient time to keep track of and follow the latest buzz about the dynamic market.

A mutual fund is a perfect solution for them as investing directly in the equity market is a risk, that not everyone is willing to take. The biggest advantage of investing through a mutual fund is that it gives small investors access to professionally-managed, diversified portfolios of equities, bonds, and other securities, which would be quite difficult to create with a small amount of capital. 

Let us look at the 10 best mutual funds that doubled the money in the last 5 years. 

10 Mutual Funds That Doubled Wealth in 5 Years

Returns have always been the basic benchmarks for investors while going for any investments. These indicate how much the fund has lost or gained during a particular investment duration.

Here’s the list of 10 Mutual Funds that would have doubled your money in just 5 years.

Top Mutual Funds: An Overview

1) Axis Bluechip Fund (Large-Cap)

Axis blue-chip fund-growth invests in blue-chip stocks, or stocks of predominantly large companies, which are financially sound, and well established. The stocks are less volatile than mid-cap and small-cap stocks, traded frequently, and have adequate liquidity as a result. The stocks that the Axis Blue Chip fund intends to invest in have the potential to perform long-term due to their proven track record. 

The scheme aims to generate long-term capital growth by investing in a diversified portfolio predominantly consisting of equity & equity-related instruments of large-cap companies. Axis Blue Chip Fund-Direct (Growth), being an equity fund, is suitable for investors aiming for long-term capital appreciation, ideally with an investment horizon of more than five years. 

2) Canara Robeco Bluechip Equity Fund (Large-Cap)

Canara Robeco Bluechip Equity Fund Direct-Growth is an Equity Mutual Fund Scheme launched by Canara Robeco Mutual Fund. This scheme was made available to investors on 19 Dec 1987. Ravi Gopalakrishnan, Shridatta Bhandwaldar is the Current Fund Manager of Canara Robeco Bluechip Equity Fund Direct-Growth fund.

The fund seeks to provide capital appreciation by predominantly investing in companies having a large market capitalization. Canara Robeco Large cap+ fund is named to reflect the investment strategy, which is mainly focused on a portfolio that would be concentrated on investing in any of the top 150 stocks ranked based on market capitalization.

3) PGIM India Mid-Cap Opportunities Fund

PGIM India Midcap Opportunities Fund Direct-Growth is an Equity Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 13 May 2010. Kumaresh Ramakrishnan, Avinash Agarwal is the Current Fund Manager of PGIM India Midcap Opportunities Fund Direct-Growth fund.

The scheme seeks to achieve long-term capital appreciation by predominantly investing in equity & equity-related instruments of mid-cap companies. 

4) Axis Mid-Cap Fund

Axis Midcap Direct Plan-Growth is an Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Shreyash Devalkar is the Current Fund Manager of Axis Midcap Direct Plan-Growth fund.

The scheme seeks to achieve long-term capital appreciation by investing predominantly in equity & equity-related instruments of Mid Cap companies. 

5) Nippon India Small-Cap Fund

Nippon India Nifty Smallcap 250 Index Fund Direct-Growth is another Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Mehul Dama is the Current Fund Manager of Nippon India Nifty Smallcap 250 Index Fund Direct-Growth fund.

The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Smallcap 250 Index before expenses, subject to tracking errors. 

Things to Remember Before Investing

Don’t just run for returns from investment for investing in Mutual Funds. There lot of things you should look into before selecting a fund that will match your investment goals. Following are the 3 things you should always remember before investing in Mutual Funds:

• Higher Rates: Don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
• Every Person’s Financial Condition is Different. Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
• Review Your Investment from time to time but not too often. Once a few weeks is good enough.

If you are a beginner to mutual funds investment, especially equity mutual funds, thinking of the small/mid-cap mutual funds may not be the best idea for you. These are best for investors who have very good ideas of mutual funds and the risks associated with them.

Conclusion

Mutual funds are an excellent way to invest your money. The basic idea is that you make regular contributions to a fund and then get a return on those contributions. Mutual funds can be very useful if you have a large amount of money to invest since you don't have to manage the investments yourself.

When investing in mutual funds, it's important to understand how much risk you're taking on with your investments. 

To ensure that the fund is in good hands, choose a fund house having a fund manager with a good amount of experience managing small/mid-cap funds and associated with these funds for a good number of years.

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Research Analyst - Bavadharini KS